Bernanke and Haze

[phantom_opera]

Tonight Bernanke will "clarify" whether he will reduce QE or not .. hazy outlook

Of course if everyday psi 290, property market will suffer :p

[sherlock]

Hope the STI rises 290 pts tomorrow. :eek:

[phantom_opera]

Singapore is now worse than HK and BJ ... life sucks :banghead:

[ysyap]

Singapore is now worse than HK and BJ ... life sucks :banghead:Cannot beat them at population numbers and land size (HK plus Kowloon plus new territory), now also cannot beat them in fresh air plus cleanliness of our country! :doh:

[phantom_opera]

Bernanke did the right thing to signal a potential reduction of QE .. 10y UST @ 2.3% and Dow at 15k

also he is saying bye bye soon ... he wants to leave a good name in history

5y UST crashed

Treasury Yield 5 Years (^FVX) -Chicago Options
1.23 0.18(+16.63%) 2:59PM EDT

[phantom_opera]

*BERNANKE: FOMC MAY `MODERATE' PACE OF PURCHASES LATER IN 2013
*BERNANKE SAYS FED MAY END PURCHASES AROUND MID-YEAR 2014
*BERNANKE SAYS FED WILL EASE QE PACE IF ECONOMY IMPROVES
*BERNANKE SAYS PURCHASE REDUCTION REPRESENTS FOMC CONSENSUS

PSI drops below 200 :D

[phantom_opera]

Dow will most likely testing support at 14,8xx ... if support hold means market already accept 20% reduction of bond purchases in Sept

5y UST yield could overshoot to 1.5%, 10y 2.5%

[phantom_opera]

中港錢荒 港元定存料再加息
【經濟日報專訊】中港兩地鬧水荒，內地拆息飈升，間接令港元流動性抽緊，加上半年結效應，中銀香港（02388）和渣打香港等大型銀行已上調港元定存息至達1.4、1.5厘吸納短期資金，消息指，滙豐最快今日有行動

[phantom_opera]

Update:

Straits Times Index --- 3150.820 -62.970

Wall Street futures
15055.6
15061.4
-56.0
Hong Kong HS42
20434.0
20444.0
-560

China A 2,113 (-1.4%)

CapitaMall --- 1.970 -0.060 359 1.965 1.970

[princess_morbucks]

Why is the stock market reacting badly?
QE is still in place for the time being, although may taper later in the year and interest rate are still kept low.

People are just anticipating the worst?

[indomie]

Why is the stock market reacting badly?
QE is still in place for the time being, although may taper later in the year and interest rate are still kept low.

People are just anticipating the worst?
Now stock market tanked..... Tomorrow record high again.

[RCT]

Why is the stock market reacting badly?
QE is still in place for the time being, although may taper later in the year and interest rate are still kept low.

People are just anticipating the worst?

You really think this is because of QE? The bankers have pump in so much money in the Asia to push up the stock money and property prices.. Now is the time to get their reward ba... Just like 1997... Pump in so much money and then suddenly redraw all the hot money... and guess what happen?

[sgbuyer]

Now stock market tanked..... Tomorrow record high again.



Indonesia already showing signs of breaking....

[princess_morbucks]

Indonesia already showing signs of breaking....
OMG.... ya , I read about it!
I really hope your signature is right..."no more crash for 60years".

[phantom_opera]

China-A consolidation phase to re-test 1950 soon

http://img2.quotes.ws.126.net/chart/newstimechart2/0000001.png

[phantom_opera]

gold/oil/risky currency sold down

Spot Gold (100oz)
1308.05
1308.55
-42.93

US Light Crude
9625.0
9631.0
-196

1 AUD = 1.1751 SGD
1 USD = 59.8700 INR
1 USD = 9,930.0000 IDR

[indomie]

gold/oil/risky currency sold down

Spot Gold (100oz)
1308.05
1308.55
-42.93

US Light Crude
9625.0
9631.0
-196

1 AUD = 1.1751 SGD
1 USD = 59.8700 INR
1 USD = 9,930.0000 IDR
Very exciting.... Is that fear or opportunity?

[Zile]

People tends to forget past cycles ("this one is different")

With "easy and low interest" money from the banks, many leveraged to buy properties pushing up the property market. With "inflation eating up your fixed deposit in the bank", "6.9M" and seeing friends making big and easy $ (unrealized paper profit), many cannot tahan and went in at record prices. To me, the current property market is about to be saturated but it will not explode... not yet and not by itself anyway. As long as we got HOLDING POWER, the mean price will go up in the LONG run. <-- true (land limited, money gets smaller). It needs a trigger/primer/detonator, the stock market.

The past years have made quite a number of millionaires out of many of us. When I sold my landed at the beginning of the year, I heard that the buyer took an "equity loan" on his current property to take advantage of the low interest! A lot of the new millionares and aspiring ones will not let their money sit idle. The stock market will be pushed up some more. Not yet... 2 more years and we will all retire.

We always forget our history lessons.

No Facts... just my 2 cents, my humble opinion.

[phantom_opera]

market is trying to adjust to expectation that there is at least a 50% chance that QE will be stopped in mid 2014 and 75% chance there is 25% reduction in September and interest rate could raise substantially in 5y time

Dow futures below 15k now
Gold below 1,300 USD

The key to watch will be Dow @ 148xx and Gold at 1,250 .. of course 5y UST/10y UST

[indomie]

SHIBOR Falls After Some Reported Help From The Chinese Central Bank
MAMTA BADKAR 23 MINUTES AGO 160 1

inShare
EMAIL MORE
Yesterday we pointed out a sharp rise in money market rates in China.

Today we've seen a decline in SHIBOR or the Shanghai Interbank Offered Rate — the benchmark interest rate used in lending activities between banks.

The Shibor fix for June 21 shows that the overnight rate is down 495.20 basis points to 8.4920%. This compares with 578.40 basis point increase yesterday to 13.44%.

Bloomberg reported earlier that money market rates had declined after the People's Bank of China injected 50 billion yuan through short-term liquidity operations. The one day repo fell 384 basis points to 7.90%, the biggest drop since 2007.

[phantom_opera]

China-A consolidation phase to re-test 1950 soon

http://img2.quotes.ws.126.net/chart/newstimechart2/0000001.png

so very soon ... 1,950 today

[princess_morbucks]

so very soon ... 1,950 today

What's wrong with the SSE?
What's happening in China:scared-3: ?

[phantom_opera]

5-10y SGS interest rate normalizing real fast now ... may be CPF SA will eventually peg to 10y SGS yield + 1

1.61%
2.77%